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When your little idea, your dream starts taking a real shape - you know it is time you

garnered your finances to make it grow. At times your effort fall short and there you are
filing for loans. Commercial loans can help business interests with uninterrupted capital
supply.
Commercial loans can be used to buy business premises or commercial building for both
new or establish businesses. They can be used to buy any business asset or to finance the
expansion of any established business.
Different commercial loans lender have different way of processing commercial loans. You
can start with pre-qualifying for commercial loans. This determines how much as a
borrower you can afford as commercial loans and which commercial loans
programmed will suit the best.

Commercial Financing are the biggest way of financing business projects. While providing
you with commercial loans, the loan lender will look at general information as your income
and existing debts. Your application will be reviewed by a loan officer.Commercial loans
lender will take keen interest in:

o Credit history

o Reason for loan

o Collateral

o Ability to repay

o Your investment in the business

Documents to gather while applying for commercial loans are -


Loan request - the amount of loan requested, how the funds will be used, loan type and
amount of working capital on hand. Commercial loans lender will feel more secure
knowing that you have invested your own money in the commercial plan.
Business plan - If the commercial loans are used for starting a new business, the business
plan is crucial. It should include cash flow projections for first 24 months. Information
should be concise and clear. Its feasibility will be fundamental in getting commercial loans
approved.
Personal financial statements - In case commercial loan is used for expansion of business, it
will be required for you to give business profile. Personal financial statements would be
required for anyone who owns 20% or more of business. Complete information about
current debts balances, payment schedules, maturity, and collateral used to secure other
loans. You can be required to provide more documents during the loan process.
In case you are purchasing real estate, you might be required to submit preliminary
environmental reports, area maps, title reports, property appraisals, and lease summaries.
Decisions for commercial loans take usually 1-5 days. During this time, you might be
required to give further information. Commercial loans broker can help you submit your
loan application to several lenders for approval. Your job is to select the most attractive
offer and returning the final letter of intent. After all the conditions are satisfied, the
commercial loans are approved and the lender will give a final loan commitment. At the
closing, the commercial loan will be transferred with a cashier's check, draft, or electronic
wire transfer.
Commercial loans are either secured or unsecured - with or without collateral. Secured
commercial loans are more commonly available as commercial mortgages. Commercial
mortgage are provided at better terms, interest rates and repayment options. Commercial
loans are available with fixed and variable rate options. Fixed rate commercial loans will
mean that your interest rate and monthly payments will be fixed at the beginning of the
loan and will remain so throughout.Businessmen apply for fixed rate commercial loans for
it helps in effective financial planning because they know how much they are giving out
every month. With variable rate the interest rates changes in accordance to the changes in
the market. The benefit with variable rate is that they start with lower interest rate than
fixed rate. But interest rate can increase during the term and therefore you will have to pay
more. On the contrary fixed rate commercial loans will leave no space for change in case
the interest rates drop.
Investigate before you make a commercial loan claim. Be prepared to answer some
questions.
Commercial loans are cost effective way of funding business needs when you need it.

Commercial loans Florida can strengthen your competitive position; increase your working
capital and maximum profitability. Investigate your opportunities with commercial loans
and see how your business becomes a commercial success.

FOR MORE INFO, VISIT OUR SITE:


http://www.commercial-loans-florida.com/index.asp

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